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The biggest liquidation event in crypto history. Nearly $20 billion wiped out in a single day. Hereās how it unfolded š
Friday night, October 10th
U.S. markets closed. No ETF inflows. No institutional bids.Europe asleep. China yet to open. The global desk ā silent
10:00 PM ET ā the silence shattered.
A single post from President Donald Trump exploded across social media:100% tariffs on all Chinese tech imports starting November 1
š¢ The message was clear: the trade war was back ā total and unforgiving.
Within minutes, Bitcoin began to bleed.
Ethereum followed.Overleveraged altcoins started collapsing like dominoes.
This wasnāt panic. It was precision.
Whales had been waiting ā quietly shorting illiquid alts, stacking leverage in the shadows.
The post was the spark. The setup had been built long before.
By midnight, $7B in positions were gone.
Bybit, Hyperliquid, Binance ā all reported cascading failures.SL didnāt trigger.
Traders watched entire portfolios vanish in seconds.
Bitcoin crashed from $126K ā $102K.
Ethereum fell below $3.5K.Sol, XRP, Doge ā obliterated.Over 1.6M traders liquidated.
Total damage: $19.38B
Liquidity evaporated.Market makers disappeared.Within six hours, $0.84T vanished from global crypto market cap.
Analysts called it a āCrypto Cleanse.Others a Coordinated Kill
Questions followed fast Was it pure geopolitics? Or did exchanges fail their users?
Crypto.comās CEO demanded an investigation.Binance admitted system errors.
Confidence was broken.
By the time Asia opened, chaos ruled.
Rare earths, semiconductors, AI linked tokens ā all tumbled.The trade war had bled into digital assets.
Yet from the ashes rose a new message ā
This wasnāt the end.It was a reset. A purge.
A brutal reminder: leverage cuts both ways.
𩸠October 10, 2025 ā The day $20B disappeared.The day crypto remembered its truth :Volatility. Risk. Ruthless Precision.